In today’s episode, Rich dives into the 401k and IRA systems – the good, the bad, and how you can utilize them to invest in real estate. He discusses a recent article that reports the average 401k balances for Americans and examines whether this amount is sufficient for retirement in today’s economy, considering inflation and other factors. He talks about some of the drawbacks, such as the risk of 401k devaluation, while also highlighting a few benefits like its effectiveness as a savings tool and the allure of company matching incentives. Additionally, he provides the audience with several alternative avenues to invest their retirement account to accelerate wealth growth.
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